I think it might be less than 2. If they match the 2nd with the 1st half than you're looking at 30c, but usd. Let's use a rate of 75c, than the aud eps is 40c.....and none of this assumes same production, same PoG (which is lower than today's spot) and 75c is conservative based on today's spot too.
Assuming production doesn't change, PoG improves for the 6 months and usd stays constant than 40c aud will be the floor!
Can't wait for the prod guidance update (read: hopefully confirmation)
MML Price at posting:
59.8¢ Sentiment: Buy Disclosure: Held